praveen.bhatiya

Trend Reversal : Inverse Head & Shoulder Breakout

Long
NSE:GAIL   GAIL INDIA LTD
The stocks is giving signal of a reversal of direction.
1. It has broken the down sloping trend line and trading above it
2. It is trading above the Neckline of Inverse Head & Shoulder pattern
3. RSI is above 50
One can trade the stock now or on retest of any line mentioned above. Inverter can also consider buying the stock for medium term perspective.

Disclaimer : All ideas and comments are my personnel view. Please take financial consultancy for trading decision.
Trade active
Trade closed: stop reached
Comment: Idea was correct could have rewarded well but It has shaken first before moving.

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